234
234
Jan 14, 2013
01/13
by
CNNW
tv
eye 234
favorite 0
quote 0
this time of course it' over the debt ceiling. and it's going to be big, because it really reflects two different visions of what the debt ceiling is all about. for the president, you heard today, it's about paying your bill. going to a restaurant. picking up the tab for food you've already eaten. fine. >> very common sense, yes. >> very common sense. for republicans, it's about solving a problem. making a government that is too big, smaller and getting control of runaway spending on entitlements like social security and medicare and fixing a long-term problem. it's not just about paying the bills. it's about the future. >> right, but there are also a lot of political calculations in here. i assume they're very close to the political calculations we saw in the last crisis. >> yes, they are, although, you know, in the last crisis it was very clear that the president had the let me rverage. he had just won the election. he had won an election over the tax issue and the republicans lost over the tax issue. they're pushing that so far
this time of course it' over the debt ceiling. and it's going to be big, because it really reflects two different visions of what the debt ceiling is all about. for the president, you heard today, it's about paying your bill. going to a restaurant. picking up the tab for food you've already eaten. fine. >> very common sense, yes. >> very common sense. for republicans, it's about solving a problem. making a government that is too big, smaller and getting control of runaway spending...
125
125
tv
eye 125
favorite 0
quote 0
if the debt ceiling isn't raise the by october 17th. who is right? the former clinton labor secretary robert now with california berkeley, and steven moore who writes for "wall street journal." guys, thanks very much for coming in. i'll start with you, steve. go ahead and tell us, if the dead ceiling is not raise by october 17th, would there be a catastrophe? >> well, wolf, great to be with us. i hope you're not going to call me a debt ceiling denier. >> no. i don't want to see this happen. i think it's crazy that we're in this situation, it is hurting the economy, but some of these really dire forecasts, like a bankruptcy for the united states, or i would even make the case to you, wolf. that the chance of actually a default on our debt -- and this is a case the president has making. your analyst just made, i think that's irresponsible, because the chance of a default on the debt is very close to zero. the reason for that is even if we hit that debt ceiling, which i hope we don't do. even if we do, there is still monday to pay off the
if the debt ceiling isn't raise the by october 17th. who is right? the former clinton labor secretary robert now with california berkeley, and steven moore who writes for "wall street journal." guys, thanks very much for coming in. i'll start with you, steve. go ahead and tell us, if the dead ceiling is not raise by october 17th, would there be a catastrophe? >> well, wolf, great to be with us. i hope you're not going to call me a debt ceiling denier. >> no. i don't want...
405
405
Jan 15, 2013
01/13
by
CNNW
tv
eye 405
favorite 0
quote 0
but when it comes to the debt ceiling, the debt ceiling, by definition, isn't about authorization new spending. it is about paying the bills that we have already racked up. so are you just trying to say that you want to have this conversation together, at the same time? >> this is about, this is -- raising the debt ceiling is like raising your credit card limit. and historically, this has been a debate. you look over the last four presidents in this country, and there's been a debate, every time, it has come to raising the debt ceiling. because there's a recognition, for years now, that the federal government has been spending way more than it should, way beyond its means, much more than it's actually bringing in. and now, it is -- we cannot continue to kick this can down the road. we've come to the end of the road. it is time for us to stop spending money we don't have. >> former republican speaker newt gingrich is not exactly conflict averse, i think you'd agree, and he has warned the house republicans not to take up this debt ceiling fight. listen. >> asking barack obama not to be
but when it comes to the debt ceiling, the debt ceiling, by definition, isn't about authorization new spending. it is about paying the bills that we have already racked up. so are you just trying to say that you want to have this conversation together, at the same time? >> this is about, this is -- raising the debt ceiling is like raising your credit card limit. and historically, this has been a debate. you look over the last four presidents in this country, and there's been a debate,...
160
160
Jan 18, 2013
01/13
by
CNN
tv
eye 160
favorite 0
quote 0
they say they are going to have a vote that will delay the debt ceiling for three months. so what they are doing, if you really look at house republicans who took the majority two years ago, they did it standing on principle for pretty much every squirmish. it seems that they are becoming a bit more sophisticated, rather, but their understanding, it seems, is that you have to pick your battles. losing credit ratings and so forth, that's not a smart battle to wage. look at some of the most conservative members of the house talking to deirdre walsh at the end of their retreat for three days about picking their battles in a better way. >> deal with the smaller ones first, maybe build up a little momentum, credibility, not only with the credit markets but with the folks back home, that we can actually deal with these things, take the small one first, debt ceiling last, i think it's a rational, reasonable thing to do. >> now, for some, wolf, maybe even those in the republican house leadership, like him talking about what is rational and reasonable, that may be a bit jarring but
they say they are going to have a vote that will delay the debt ceiling for three months. so what they are doing, if you really look at house republicans who took the majority two years ago, they did it standing on principle for pretty much every squirmish. it seems that they are becoming a bit more sophisticated, rather, but their understanding, it seems, is that you have to pick your battles. losing credit ratings and so forth, that's not a smart battle to wage. look at some of the most...
522
522
Mar 9, 2013
03/13
by
CNNW
tv
eye 522
favorite 0
quote 0
ceiling has to be raised. that is an informal deadline, if you will, looks like the government won't have to shut down. they don't necessarily have to worry about it. all of a sudden, senator rand paul of kentucky, emerging as a star because of the old fashioned filibuster. >> it was remarkable, the fact he was on the floor for almost 13 hours, he didn't sit down, he wouldn't, took a nature call, that ended the filibuster after midnight. there were so many different ripple effects from this. one is, i know you talked to some democrats that he was getting praise from liberals. it really showed how strange d bedfellows are when you look at the civil liberties and the need to be aggressive. he got one democrat to go on the floor with him. but really got praise from the a-type democrats sticking up for him. on his own side, he was beaten up by the wall street editorial page, and of course, john mccain, lindsey graham, more hawkish republicans who say he did a disservice to the country by questioning the idea of us
ceiling has to be raised. that is an informal deadline, if you will, looks like the government won't have to shut down. they don't necessarily have to worry about it. all of a sudden, senator rand paul of kentucky, emerging as a star because of the old fashioned filibuster. >> it was remarkable, the fact he was on the floor for almost 13 hours, he didn't sit down, he wouldn't, took a nature call, that ended the filibuster after midnight. there were so many different ripple effects from...
269
269
Jan 22, 2013
01/13
by
CNNW
tv
eye 269
favorite 0
quote 0
he was clearly referring to the fact that they've moved off the fight on the debt ceiling a few months. he believes he can deal with them and, as you heard, get some kind of grand bargain. i need to be convinced of that, wolf. >> part two of your interview coming up later. >> he tells us, how does he know when the president is mad at him. >> interesting to see that. thank you. good work. >>> in a moment, the latest on the breaking news we've been following a shooting at a community college in houston, texas. there's going to be a news conference from the sheriff there. we'll update you with what is going on. humans. even when we cross our t's and dot our i's, we still run into problems. namely, other humans. at liberty mutual insurance, we understand. that's why our auto policies come with accident forgiveness if you qualify, where your rates won't go up due to your first accident, and new car replacement, where, if you total your new car, we give you the money for a new one. call... to talk to an insurance expert about everything else that comes standard with our base auto policy. and
he was clearly referring to the fact that they've moved off the fight on the debt ceiling a few months. he believes he can deal with them and, as you heard, get some kind of grand bargain. i need to be convinced of that, wolf. >> part two of your interview coming up later. >> he tells us, how does he know when the president is mad at him. >> interesting to see that. thank you. good work. >>> in a moment, the latest on the breaking news we've been following a shooting...
98
98
Jan 10, 2013
01/13
by
CNN
tv
eye 98
favorite 0
quote 0
minting a $1 trillion coin to avert a debt ceiling crisis. some experts say it's not as crazy as it sounds. (dog) larry,larry,larrryyy. why take exercise so seriously,when it can be fun? push-ups or sprints? what's wrong with fetch? or chase? let's do this larry! ooh, i got it, i got it! (narrator) the calorie-smart nutrition in beneful healthy weight... includes grains and real chicken, because a healthy dog is a playful dog. beneful healthy weight. find us on facebook to help put more play in your day. >>> it may sound like a pretty crazy plan, but the idea of minting a $1 trillion coin to avert another debt ceiling battle is gaining some momentum and gaining some prominent supporters. cnn's brian todd has been working this story for us. so brian, what's the latest? >> well, kate and wolf, this has picked up more serious momentum in the last few days than any of us could have imagined, despite all of our jokes that, quote, we hold in our hands the solution to the debt ceiling crisis. this is because, mostly after the fiscal cliff and everyt
minting a $1 trillion coin to avert a debt ceiling crisis. some experts say it's not as crazy as it sounds. (dog) larry,larry,larrryyy. why take exercise so seriously,when it can be fun? push-ups or sprints? what's wrong with fetch? or chase? let's do this larry! ooh, i got it, i got it! (narrator) the calorie-smart nutrition in beneful healthy weight... includes grains and real chicken, because a healthy dog is a playful dog. beneful healthy weight. find us on facebook to help put more play in...
173
173
Sep 30, 2013
09/13
by
CNNW
tv
eye 173
favorite 0
quote 0
ceiling. we'll have all these debates again over the next few weeks. >> reporter: are you fighting a kamikaze mission here? you know the way senate democrats will respond. >> if our senate colleagues want to vote against what i think every american would think is right, that is we're all in, we are not getting a subsidy either on the affordable care act, this resonates deeply with the american people. they want members of congress to live like everybody else and so i think it's a wise path. i have been critical of our leadership many times but i think this is a viable path. >> reporter: that viable path is not so much the house plan to delay the individual mandate for a year which is part of what they're going to vote on early this evening, but also, the idea that members of congress, their staff, the executive branch, people who serve in the federal government here in these halls should not get federal subsidies for their health care. the republicans are banking on the fact that that might be
ceiling. we'll have all these debates again over the next few weeks. >> reporter: are you fighting a kamikaze mission here? you know the way senate democrats will respond. >> if our senate colleagues want to vote against what i think every american would think is right, that is we're all in, we are not getting a subsidy either on the affordable care act, this resonates deeply with the american people. they want members of congress to live like everybody else and so i think it's a...
479
479
Oct 18, 2013
10/13
by
CNN
tv
eye 479
favorite 0
quote 0
. >>> republicans are feeling more of the fallout from the government shutdown and the debt ceiling crisis. polls show more americans blame them than blame the democrats. that has many political minds wondering, can democrats actually win back the house in the next year's election? our chief national correspondent john king takes a closer look. john? >> yes, wolf, some democrats are dreaming of the return of speaker pelosi in the wake of the government shutdown and debt ceiling debate. is that possible? could democrats do so well in 2014 that they change this map? the results after 2012, possible, yes. probable, that's a different question. let's look at some of the factors as we head into the midterm election season. the current balance of power, republicans with a 32 seat advantage in the house. three vacancies but assume the seats stay with the party that last held them. that means the democrats would need a gain of 17 seats to put the gavel back in democratic hands. there are some factors, no question, favoring the democrats right now. the shutdown damaged the republican brand. we see
. >>> republicans are feeling more of the fallout from the government shutdown and the debt ceiling crisis. polls show more americans blame them than blame the democrats. that has many political minds wondering, can democrats actually win back the house in the next year's election? our chief national correspondent john king takes a closer look. john? >> yes, wolf, some democrats are dreaming of the return of speaker pelosi in the wake of the government shutdown and debt ceiling...
150
150
Mar 7, 2013
03/13
by
CNNW
tv
eye 150
favorite 0
quote 0
the united states to default on the debt ceiling. the president says that's nonnegotiable. what he has said is that he wants to find a way forward and a smart way to deficit reduction which requires balance. the president says he's prepared to make additional cuts on top of the 1.5 trillion we have already made. he wants to make a balanced approach. if that means closing tax breaks that disproportionately benefit very wealthy people. after all, the last presidential campaign both mitt romney and paul ryan talked about. they are still out there. let's talk about them. >> the republicans say they are ready to close those loopholes. they eliminate the subsidies for big oil companies or whatever. they want to make sure that at the same time you reduce tax rates. is that at all doable, from your perspective? >> their position in the past is that penny for penny, any time you eliminate a tax break, it has to go entirely into -- >> no new taxes. >> that's right. >> which they abandoned at the end of december, early january when they did rai
the united states to default on the debt ceiling. the president says that's nonnegotiable. what he has said is that he wants to find a way forward and a smart way to deficit reduction which requires balance. the president says he's prepared to make additional cuts on top of the 1.5 trillion we have already made. he wants to make a balanced approach. if that means closing tax breaks that disproportionately benefit very wealthy people. after all, the last presidential campaign both mitt romney...
298
298
Jan 17, 2013
01/13
by
CNNW
tv
eye 298
favorite 0
quote 0
ceiling. it might be brief, authorization the nation's borrowing authority for a couple of months at the republican retreat in williamsburg, virginia right now. the house budget committee chairman, paul ryan says it might offer a better chance of getting the democratic-controlled senate and white house involved in talks without a deal by march. drastic spending cuts could kick in and the government could face a possible shutdown. there seems to be kate a little movement on that. we'll see how far it goes. >> when they all get back. >>> a key part of every u.s. president's swearing in is of course the bible that he has placed, that he places his hand on when placing the oath of office. cnn's lisa sylvester had a pretty rare look and was able to actually look and touch the bible. >> touched it yourself. >> i've got to say, this was a pretty cool assignment. >> it's very unique and a really neat part of the inauguration. >> this is something that i learned. the library of congress actually has 1,
ceiling. it might be brief, authorization the nation's borrowing authority for a couple of months at the republican retreat in williamsburg, virginia right now. the house budget committee chairman, paul ryan says it might offer a better chance of getting the democratic-controlled senate and white house involved in talks without a deal by march. drastic spending cuts could kick in and the government could face a possible shutdown. there seems to be kate a little movement on that. we'll see how...
174
174
Mar 1, 2013
03/13
by
CNNW
tv
eye 174
favorite 0
quote 0
if this debt ceiling thing happens again, that's interest rates, that's your mortgage. that becomes very serious. that hits everybody in the country. >> and then they'll make a deal on that because -- >> we'll be here until 11:00 on the night before. >> stand by. i want to continue this. maybe we won't notice anything different when we all wake up tomorrow morning but in the come coming weeks and months, more and more americans will feel the impact of these budget cuts. tom foreman is joining us with a closer look at what's in store. walk us through, tom, what we can expect. >> wolf, you're absolutely right. if you look at what happened today, on march 1st, the simple truth is the forced budget cuts went into effect. what does that mean for most of us? it doesn't mean anything to us right now. in the next few weeks, as we move through here, you may see nothing here, you may see nothing here but something is going on. that fire starts spreading through the government to all these different agencies. they are sending out notices to everybody saying, okay, it's real now, w
if this debt ceiling thing happens again, that's interest rates, that's your mortgage. that becomes very serious. that hits everybody in the country. >> and then they'll make a deal on that because -- >> we'll be here until 11:00 on the night before. >> stand by. i want to continue this. maybe we won't notice anything different when we all wake up tomorrow morning but in the come coming weeks and months, more and more americans will feel the impact of these budget cuts. tom...
75
75
Feb 20, 2013
02/13
by
CNN
tv
eye 75
favorite 0
quote 0
>> wolf, this is all part of the debt ceiling negotiations in 2011, where the republicans said that we are going to force the country to default if we don't get what we want. and so the president working with congress came up with a proposal that tried to force congress to do balance deficit reduction. congress is choosing not to do that because republicans are refusing for a very long time and consider tax revenue a part of that. let's forget, the speaker says now this was the president's idea. after this was passed and the speaker voted for it and all of his lieutenants voted for it, he went to the floor of the house and crowed about how this was a deal where he he got 98% of what he wanted. maybe the trillion dollar sequester was the 2% he didn't want but i find a lot of that hard to believe. they he should stop trying to cast blame here and actually try to help the american people by working with this president to come up with a balanced solution to deal with this secoquester a focus on job growth and economic growth in this country. >> you could come up with $85 billion very quick
>> wolf, this is all part of the debt ceiling negotiations in 2011, where the republicans said that we are going to force the country to default if we don't get what we want. and so the president working with congress came up with a proposal that tried to force congress to do balance deficit reduction. congress is choosing not to do that because republicans are refusing for a very long time and consider tax revenue a part of that. let's forget, the speaker says now this was the...
191
191
Mar 6, 2013
03/13
by
CNNW
tv
eye 191
favorite 0
quote 0
the real indicator is going to be when the discussions begin on the debt ceiling talks. i have a way to rattle the markets because that is something that rattled the markets last summer. wolf? >> that's a few months down the road. it looks like the continuing stop gap resolution will keep the government open through the end of the fiscal year ending through the end of september. alison, thank you. >>> severe winter storm. in the mid-atlantic states, millions of people could see the biggest snowfall of the season. almost three feet in some areas. more than 250,000 homes lost power and class was canceled for almost one million students. virginia is taking the brunt of the storm, driving on the state's roads has become treacherous. the governor has enacted a state of emergency and has enacted national guard troops. not far away from washington is joe. tell us what you're seeing there. >> reporter: wolf, quite frankly, now the big concerns are about potential flooding and power outages. thick, heavy, wet snow, beautiful to look at brought a late winter discomfort to almost e
the real indicator is going to be when the discussions begin on the debt ceiling talks. i have a way to rattle the markets because that is something that rattled the markets last summer. wolf? >> that's a few months down the road. it looks like the continuing stop gap resolution will keep the government open through the end of the fiscal year ending through the end of september. alison, thank you. >>> severe winter storm. in the mid-atlantic states, millions of people could see...
217
217
Mar 8, 2013
03/13
by
CNNW
tv
eye 217
favorite 0
quote 0
he's facing questions about government shutdown and raising the debt ceiling and these people, which include former chiefs of staff, former democratic members of congress, have all said to the president, you know what, we know you don't love doing this but try it. you'll like it more than you think you will and one of them told me that he was told that he had told his staff that he actually -- the president said, i enjoyed the dinner the other night with republicans. so you're going to be seeing him doing a lot more of this because in the end, wolf, he has nothing to lose by doing it because he can say, i tried. >> he certainly can. next week the president is going to go up to capitol hill. they won't come to the white house. he's going up to capitol hill. >> on their turf. >> he's going to meet separately with the democrats and then meet with the republicans. what's his ultimate goal right now? >> i've been told that the president believes that this is a moment, particularly this summer, when he believed he can try and get some kind of a larger budget deal, call it the grand bargain
he's facing questions about government shutdown and raising the debt ceiling and these people, which include former chiefs of staff, former democratic members of congress, have all said to the president, you know what, we know you don't love doing this but try it. you'll like it more than you think you will and one of them told me that he was told that he had told his staff that he actually -- the president said, i enjoyed the dinner the other night with republicans. so you're going to be...
87
87
May 14, 2013
05/13
by
CNNW
tv
eye 87
favorite 0
quote 0
it lengthens the period of time where they have to worry about the debt ceiling again. the good news is getting overwhelmed. you talk about that midterm election, what are those about? base, right? base politics. now they see a government, administration, yes, the white house will say it was the irs and independent agency, but the federal government targeting the tea party. who is that going to mobilize? the conservative base. we'll have more fights over the tea party. you have the justice department and attorney general who the republicans have long been at war now in hot water. it's early. this could all change by the time we get around to next year. but take an early look, you have an engaged republican look, and beginning evidence of some democrat drift now, the question is, does it become demoralized. if you get that combination, that's what we had in 2006. when democrats had a very good year, that set them up for 2008. >> the investigation starts u don't know where it will wind up. john, thanks very much. >>> other news we're following, including the fbi. why is t
it lengthens the period of time where they have to worry about the debt ceiling again. the good news is getting overwhelmed. you talk about that midterm election, what are those about? base, right? base politics. now they see a government, administration, yes, the white house will say it was the irs and independent agency, but the federal government targeting the tea party. who is that going to mobilize? the conservative base. we'll have more fights over the tea party. you have the justice...
110
110
Feb 25, 2013
02/13
by
CNN
tv
eye 110
favorite 0
quote 0
and then again we have the debt ceiling coming later in the spring. >> i get a headache just thinking about all of that. >> absolutely. the one question is can the government handle the cuts? can agencies actually, you know, can the traffic, air traffic controllers cut 7% from their budget? and we don't know the answer to that. a lot of doom and gloom out there says no, this is going to be catastrophic. the other question is, can the economy handle sucking $85 million out of the economy this year? the congressional budget office says that will cost 650,000 jobs. that's the other reason the sequester was supposed to be so odious to the politicians. it didn't just cut it like a scalpel it did it all at once, rather than over a longer period. >> go ahead, gloria. >> it just seems to me that it all depends what the default setting it. what you're going to go back to, okay. so when the fiscal cliff was hanging over their heads, that meant, uh-oh, americans were going to get tax increases. that couldn't happen. when the debt ceiling was hanging over their heads, that meant, uh-oh, the faith
and then again we have the debt ceiling coming later in the spring. >> i get a headache just thinking about all of that. >> absolutely. the one question is can the government handle the cuts? can agencies actually, you know, can the traffic, air traffic controllers cut 7% from their budget? and we don't know the answer to that. a lot of doom and gloom out there says no, this is going to be catastrophic. the other question is, can the economy handle sucking $85 million out of the...
167
167
Feb 27, 2013
02/13
by
CNNW
tv
eye 167
favorite 0
quote 0
you wrote the book, really, about the debt ceiling debacle with and kind of the fallout thereafter. but why did you write this piece? i mean, you must have been sure it was going to make waves. i mean, it's really become ammo for republicans in this sequester battle. was that your intention? >> no, of course not. i mean, you know, wolf's known this for decades. i'm in the middle, and trying to be empirical and find out what the facts are. but your question, why did i write this piece, because the president, in the third presidential debate, said, this was congress' idea. jack lew, who's now going to be treasury secretary, backed him up. and then, now the white house, because i kept asking about this, i think four or five days ago, said, oh, yes, it was our idea. they came up with it. now, it is playing with -- it is playing a dangerous game to set up a system like a sequester, where it's automatic. this is what we're debating and seeing right now. it came from the white house. it was an act. >> there was a precedence in the '80s. >> in the '80s -- >> what do you make of the white ho
you wrote the book, really, about the debt ceiling debacle with and kind of the fallout thereafter. but why did you write this piece? i mean, you must have been sure it was going to make waves. i mean, it's really become ammo for republicans in this sequester battle. was that your intention? >> no, of course not. i mean, you know, wolf's known this for decades. i'm in the middle, and trying to be empirical and find out what the facts are. but your question, why did i write this piece,...
164
164
Jan 9, 2013
01/13
by
CNNW
tv
eye 164
favorite 0
quote 0
and i remember from covering those debt ceiling noish ags that republicans didn't like him very much, wolf. some of them said to me that jack lew kept moving the goal posts on them. yes, there will be opposition. for chuck hagel, no. i believe in the end jack lew will get confirmed. but i'll tell you this, the reason the white house put off the announcement of jack lew until tomorrow is because of the fiscal cliff. they didn't want it to get involved in the negotiations for the fiscal cliff. they felt that they already had a fight on their hands. they didn't want to add any fuel to the fire on that, which is why they've held off of the nomination until this week. they do expect him to get confirmed and so do i. >> john kerry, secretary of state. we've got a lot of white males, shall we say, chuck hagel, we have pictures up there. jack lew, eric holder is over at the justice department. he's not a white male. he's an african-american. but no women. >> men. men. >> i want to put up another picture of the seen yr staff, if you will. there you you he sue the staff. there's been mur murin
and i remember from covering those debt ceiling noish ags that republicans didn't like him very much, wolf. some of them said to me that jack lew kept moving the goal posts on them. yes, there will be opposition. for chuck hagel, no. i believe in the end jack lew will get confirmed. but i'll tell you this, the reason the white house put off the announcement of jack lew until tomorrow is because of the fiscal cliff. they didn't want it to get involved in the negotiations for the fiscal cliff....
716
716
Jan 8, 2013
01/13
by
CNNW
tv
eye 716
favorite 0
quote 1
there's going to be another huge fight in the coming weeks over raising the nation's debt ceiling. there's going to be a battle between john boehner and mitch mcconnell. here's a washington post poll that just came out. do you approve of the budget negotiations to avoid the fiscal cliff were handled? 52% agree with the president handled and only 31%, john boehner. ari, who has more political capital going into this next round? >> well, on a poll like that, john boehner is not known by 100% of the country. so it's not as indicative of that poll. the president is more popular than the congress and the president has more leverage than the congress does. at the end of the day, though, we're all in one nation and have to do something about this debt to save our children from it being such a burden. that still requires everyone to come together. no matter how you slice it, the republican hand is a weaker one, the president's is a stronger one. >> does he have any hand right now when it comes to raising the nation's debt ceiling? i'm talking about john boehner and the republicans giving t
there's going to be another huge fight in the coming weeks over raising the nation's debt ceiling. there's going to be a battle between john boehner and mitch mcconnell. here's a washington post poll that just came out. do you approve of the budget negotiations to avoid the fiscal cliff were handled? 52% agree with the president handled and only 31%, john boehner. ari, who has more political capital going into this next round? >> well, on a poll like that, john boehner is not known by...
194
194
Feb 21, 2013
02/13
by
CNN
tv
eye 194
favorite 0
quote 0
so that brings us to summer -- >> the summer of 2011 and that debt ceiling crisis. >> that long, hot summer. remember that fight? there was a grand bargain, you'll recall, and then there wasn't a grand bargain. the speaker and the president thought they could agree to something. that fell through. finger pointing on both sides went down to the wire. the credit rating was downgraded and finally there was a deal to set up another deadline and, of course, kick the can down the road, which, again, they did. >> new year's eve, most recently, we were all waiting for that fiscal cliff. we were working really hard to make sure we didn't go over the fiscal cliff. we went over but just by a day or so. >> by the way, this was a manmade fiscal cliff. >> right. >> and this was supposed to be the moment when you would finally get the real deal to finally reduce the deficit in a substantial way. what did they do? they did raise taxes on the wealthy but, as the president had promised during the campaign, but they put off the budget cutting again until now where we're facing this march 1 deadline. so
so that brings us to summer -- >> the summer of 2011 and that debt ceiling crisis. >> that long, hot summer. remember that fight? there was a grand bargain, you'll recall, and then there wasn't a grand bargain. the speaker and the president thought they could agree to something. that fell through. finger pointing on both sides went down to the wire. the credit rating was downgraded and finally there was a deal to set up another deadline and, of course, kick the can down the road,...
103
103
Feb 22, 2013
02/13
by
CNN
tv
eye 103
favorite 0
quote 0
. >> unlike issues like the debt ceiling, the sequester going into effect will not threaten the world financial system. >> administration officials say that they are still open to some short term deal to avert the budget cuts, but in the mean tooil t time the president is planning to travel down the tidewater area of virginia to drive home that the automatic budget cuts will hurt naval shipbuilders in that part of the country, and a signal, wolf, that the pending budget crisis may not be averted until then. >> we have a few days to go, and thank you very much, jim acosta. at lot more news coming up. >> a lot more news. al qaeda terrorists may be learning how to avoid america's most effective weapon, drones. we will tell you why. >>> and two premature babies and how one helped save another's life, a hug. ahead, two sisters who changed medicine and now they are all grown up. it's lots of things. all waking up. ♪ becoming part of the global phenomenon we call the internet of everything. ♪ trees will talk to networks will talk to scientists about climate change. cars will talk to road
. >> unlike issues like the debt ceiling, the sequester going into effect will not threaten the world financial system. >> administration officials say that they are still open to some short term deal to avert the budget cuts, but in the mean tooil t time the president is planning to travel down the tidewater area of virginia to drive home that the automatic budget cuts will hurt naval shipbuilders in that part of the country, and a signal, wolf, that the pending budget crisis may...
253
253
Mar 5, 2013
03/13
by
CNNW
tv
eye 253
favorite 0
quote 0
a debt ceiling needs to be raised pretty soon. so what's going on? would any of those issues devalue this rally? >> with the forced budget cuts going into effect, the fed puts $85 billion or thereabouts into the economy every single month. that's the money they print. take a look at this. christine was talking about the people not affected by this. 53% of people own stocks. the other 47% do benefit. this is a chart of job creation since the beginning of 2009. these are companies. this is private sectors hiring people. it's not been like the stock market where the stock market has gone sort of like this. the job market has kind of sputtered around a little bit but these jobs are coming from the private sector and that, back to your question, is where the problem comes in. we've seen layoff notices going out, furlough notices going out. with the job creation around here, you could start to see that go down while the stock market continues its surge forward. that's the disconnect. there's a disconnect between the economy which more people think of as jo
a debt ceiling needs to be raised pretty soon. so what's going on? would any of those issues devalue this rally? >> with the forced budget cuts going into effect, the fed puts $85 billion or thereabouts into the economy every single month. that's the money they print. take a look at this. christine was talking about the people not affected by this. 53% of people own stocks. the other 47% do benefit. this is a chart of job creation since the beginning of 2009. these are companies. this is...
222
222
Mar 12, 2013
03/13
by
CNNW
tv
eye 222
favorite 0
quote 0
what is the hope that before the debt ceiling will be raised in july they'll come out with some sort of grand bargain, if you will? >> it is going to be a very different kind of scene than we've seen in years past in that we are seeing the way it's supposed to work here. the house unveiled its budget and we'll see a vote there and the senate unveiled its budget and we'll see a vote there and they'll come together and negotiate in public as opposed to a private between the president and the speaker and, you know, we know from recent history that has not gone well and it will be very, very different and we'll see if that helps to bring them together and they could not be further apart where they stand right now when they're laying out political, philosophical principles. >> in the next hour we'll speak with patty murray and she's the chair of the senate budget committee and we'll get an inside into her thinking and her budget proposal and that will be released tomorrow. dana bash up on capitol hill. paul ryan and house republicans aren't the only ones that's stealing some of the presid
what is the hope that before the debt ceiling will be raised in july they'll come out with some sort of grand bargain, if you will? >> it is going to be a very different kind of scene than we've seen in years past in that we are seeing the way it's supposed to work here. the house unveiled its budget and we'll see a vote there and the senate unveiled its budget and we'll see a vote there and they'll come together and negotiate in public as opposed to a private between the president and...
192
192
Feb 19, 2013
02/13
by
CNNW
tv
eye 192
favorite 0
quote 0
the package of cuts came from the 2011 debt ceiling deal, and it was never meant to go into effect. during the presidential campaign, mr. obama said as much. >> it will not happen. >> reporter: but congress has not been table to reach a compromise that would replace these cuts with smarter deficit reduction. so the sword is about to fall. among the immediate effects, funding cuts for 70,000 kids on head start, possible five-hour waits to get through security at the airport, deployment of one aircraft carrier has been postponed, and the navy has suspended overhaul of another. that's not to mention temporary layoffs, including first responders, like the ones behind the president. >> now, if congress allowed this meat cleaver approach to take place, it will jeopardize our military readiness, it will eviscerate job-creatie ining investment. >> reporter: in a statement, senator mitch mcconnell slammed the president, saying today's event at the white house proves, once again, that more than three months after the november election, president obama still prefers campaign events to common s
the package of cuts came from the 2011 debt ceiling deal, and it was never meant to go into effect. during the presidential campaign, mr. obama said as much. >> it will not happen. >> reporter: but congress has not been table to reach a compromise that would replace these cuts with smarter deficit reduction. so the sword is about to fall. among the immediate effects, funding cuts for 70,000 kids on head start, possible five-hour waits to get through security at the airport,...
1,473
1.5K
Jan 31, 2013
01/13
by
CNNW
tv
eye 1,473
favorite 0
quote 0
ceiling, this time at least until may 19th. but for practical purposes, probably a few months longer than that. the vote in the senate, 64-34. the bill passed the house next week and will sign it into law. there will be an increase in the nation's debt limit, at least for the next few months. they will battle over this later down the road. other news we're following, three stories involving high-profile shootings at a time when the nation is struggling with the issue of guns. lisa sylvester is monitoring that. some of the other top stories in "the situation room." lisa, what's the latest? >> at least one person has been shot at a middle school in atlanta. the victim was conscious and breathing when taken to a local hospital. the suspected gunman is believed to be a student and is in custody. >>> police outside of dallas are investigating the shooting of a prosecutor. district attorney mark haas was gunned down this morning outside the county courthouse. police aren't sure whether haas was targeted or not. >>> and in mesa, arizo
ceiling, this time at least until may 19th. but for practical purposes, probably a few months longer than that. the vote in the senate, 64-34. the bill passed the house next week and will sign it into law. there will be an increase in the nation's debt limit, at least for the next few months. they will battle over this later down the road. other news we're following, three stories involving high-profile shootings at a time when the nation is struggling with the issue of guns. lisa sylvester is...